Dye & Durham re-thinks Link bid, revised offer expected

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Dye & Durham re-thinks Link bid, revised offer expected
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Canadian Dye & Durham is set to take a knife to its $3.55 billion bid for Australia’s Link Administration Holdings,

Durham is set to take a knife to its $3.55 billion bid for Australia’s Link Administration Holdings.

The easiest place to start is Link’s 45 per cent PEXA Group stake. The stake was worth $2.37 per Link share when DyeThen there’s Link’s myriad businesses - RSS, capital markets, financial services, BCM - which Deloitte valued in line with each one’s peers. RSS was likened to Iress and Bravura, for example, while capital markets was like ASX and Computershare and financial services was akin to Perpetual, EQT or Iress.

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